Close Menu
  • Entertainment
  • Lifestyle
  • Relationships
  • Tips & Tricks
  • Celebrity Kids
Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
Facebook X (Twitter) Instagram Pinterest Vimeo
GistFestGistFest
  • Entertainment

    Jennifer Garner and John Miller Share Rare PDA at Charity Event

    June 26, 2025

    Megan Thee Stallion Love Island Appearance: How the Rap Star’s Glam Bikini Look Stole the Show

    June 25, 2025

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

    June 23, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025
  • Lifestyle

    Jennifer Garner and John Miller Share Rare PDA at Charity Event

    June 26, 2025

    Megan Thee Stallion Love Island Appearance: How the Rap Star’s Glam Bikini Look Stole the Show

    June 25, 2025

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

    June 23, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025
  • Relationships

    Jennifer Garner and John Miller Share Rare PDA at Charity Event

    June 26, 2025

    Megan Thee Stallion Love Island Appearance: How the Rap Star’s Glam Bikini Look Stole the Show

    June 25, 2025

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

    June 23, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025
  • Tips & Tricks

    Jennifer Garner and John Miller Share Rare PDA at Charity Event

    June 26, 2025

    Megan Thee Stallion Love Island Appearance: How the Rap Star’s Glam Bikini Look Stole the Show

    June 25, 2025

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

    June 23, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025
  • Celebrity Kids

    Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

    June 24, 2025

    Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

    June 20, 2025

    DDG Files Restraining Order Against Halle Bailey

    June 10, 2025

    Angelina Jolie and Brad Pitt’s Divorce Timeline

    June 2, 2025

    Meryl Streep’s Daughter Louisa Jacobson Shares Her and Partner, Anna Blundell’s Plans for Valentine’s Day

    February 14, 2025
Subscribe
GistFestGistFest
Home » Experts Say Trump’s Games With Fraud Bond May Blow Up in His Face
General

Experts Say Trump’s Games With Fraud Bond May Blow Up in His Face

KharisBy KharisApril 23, 20244 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Donald Trump during a court proceeding
Source: Pinterest
Share
Facebook Twitter LinkedIn Pinterest Email
Donald Trump during a court proceeding
Source: Pinterest

Attorneys representing Donald Trump have claimed that the $175 million bond he posted for his New York civil fraud case is financially sound. But is it really?

According to CNN, Trump’s legal team has been insisting that the bond, secured by Knight Specialty Insurance Company, is backed by his Charles Schwab account, which holds over $175 million in cash. This means that Knight Specialty can access the Schwab account, and that its parent company completely covers any risk involved.

Former New York insurance superintendent Gregory Serio also made this claim, stating, “The DJT Trust granted KSIC a security interest in a Schwab brokerage account, in which the DJT Trust is obligated to maintain no less than $175 million in cash or cash equivalents at all times.’

However, some experts are not too sure. Gregory Germain, a law professor at Syracuse University, thinks that Trump’s arguments about the bond’s validity are mistaken. His point is that the insurance company must have enough capital to pay the bond immediately when it is needed, which Knight Specialty might not have.

ALSO READ: Feds Set to Seize This $7 Million Condo in a Luxe Trump Building

Germain also questions whether the parent company of Knight Specialty, Knight Insurance Company, Ltd., has been properly authorized to issue surety bonds in New York. Without this authorization, we can question if the bond is valid or not.

Attorney General Letitia James has also contributed to this conversation. Her concern is about Knight Specialty’s financial ability to even support the bond. She gave the company and Trump a deadline to prove they could meet the bond’s requirements, and even threatened to seize their assets if they do not do so.

The first filing of Knight Specialty had some errors, which made them file the bond posting again. Even though the company officials speak of how true they are, some still have their doubts about it.

POLL — Should Donald J. Trump Be Allowed to Run for Office?

Knight Specialty has a lot of capital and this too is a bit suspect. New York law does not allow for bonds to be over 10 percent of a company’s surplus capital, which would make Knight Specialty to have a good amount more than what they claim to have.

Knight Specialty’shas filed again so that the attorney general can be much more convinced, they also raise some new questions. Adam Pollock, a former Assistant New York Attorney General, believes that the parent company’s capitalization and authority to issue bonds need to be checked again.

The source of the $175 million in Trump’s Schwab account also has some questions to it. If Trump has the cash, why use a surety bond? Andrew Weissmann, a former Mueller prosecutor, thinks Trump might be earning some interest on the money.

Some also think that the Schwab account might be double-pledged as collateral, which would make it unavailable for the bond. Additionally, Trump’s use of a similar account for previous bonds makes it more confusing.

ALSO READ: Lawyers Select 12 Jurors in Trump Hush-Money Case

Presiding Judge Arthur Engoron has scheduled a hearing to discuss the bond’s validity. Pollock thinks the hearing is necessary to determine if the bond truly secures the judgment.

You Might Also Like:

Tesla Announces Plan to Lay Off Over 10% of Workforce

Google CEO Pichai Calls for Reset After Company Fired Activists

Audit Reveals Sarah Sanders’ Office Potentially Broke the Law in $19k Lectern Controversy

Cornel West Announces BLM Activist Melina Abdullah as His Vice President

Study Finds LGBT Adults in the US Are More Likely to Experience Discrimination at the Doctor’s Office

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCourt Overturns West Virginia Trans Sports Ban
Next Article Catholic Voters Slam Biden for Siding Against His Church Once Again

Related Posts

General

Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

June 19, 2025
Entertainment

Justin Bieber Tweaks Instagram Post After Revealing Argument Amid Hailey’s Vogue Moment

May 26, 2025
Entertainment

Singer Chris Brown Arrested in the UK for an Alleged Assault Incident From 2023

May 20, 2025
Latest Posts

Jennifer Garner and John Miller Share Rare PDA at Charity Event

June 26, 2025

Megan Thee Stallion Love Island Appearance: How the Rap Star’s Glam Bikini Look Stole the Show

June 25, 2025

Sofia Richie and Elliot Grainge Revisit Lavish Wedding Venue Amid Backlash Over Cheating Rumors

June 24, 2025

Sarah Jessica Parker Carrie Bradshaw Role: Why She Found Playing the Role So Emotionally Draining

June 23, 2025

Exes Megan Fox and MGK Unveil Their Baby Girl’s Name Following ‘Celestial Seed’ Mix-Up

June 20, 2025

Jessica Alba Paid Tribute to Estranged Husband Cash Warren on First Father’s Day After Their Split

June 19, 2025

King Charles’ Father’s Day Message 2025: Subtle Nod to Prince Harry Sparks Speculation of Royal Reconciliation

June 18, 2025

Katy Perry and Orlando Bloom Facing Turbulent Times in Their Relationship

June 17, 2025
About
About

We’re a news, entertainment and lifestyle hub that is dedicated to giving you quality insight on the latest lifestyle news, movie and TV news, celebrity news and lots more.

Contact us: info@gistfest.com

MOST POPULAR

Alina Nikitina: Everything We Know About the Russian Model

October 4, 2023

Jennifer Rauchet: Inside the Life of Pete Hegseth’s Wife

August 30, 2023

Jacob’s Ladder Piercing: All You Need To Know

July 21, 2023

Subscribe to Updates

Get the latest news delivered straight to your inbox!

Facebook X (Twitter) Instagram
  • Disclaimer
  • About us
  • Privacy Policy
  • Contribute & Advertise with Us
© 2025 GistFest. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.